Nas and Kevin Durant Score Big as Early Coinbase Investors
Thanks to their early Coinbase investments, rapper Nas and two-time NBA champion Kevin Durant have both earned huge payoffs.
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After Coinbase went public recently, its shares closed with a company valuation of over $85 billion. Nas’ QueensBridge Venture Partners reportedly dropped a large investment to the sum of $100,000 and $500,000 in the Coinbase Series B. His company could roughly own between $34.76 million and $173.8 million in Coinbase in less than 8 years following its investment. Kevin Durant invested in the company back in 2017 when it was valued at $1.6 billion, but after Coinbase’s increase valuation, his investment is worth 53 times as much as it was 5 years ago.
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